Member Info for NaPoM

As per today's RNS, 5,600 tonnes of manganese equating to circa 190,400 dmtu @ $5 per dmtu gives MNH a revenue of $952k per month. I can see why this buyer keeps coming back for more.

it wasnt his forecast tbf

anyone matt if you are still confused with the meaning of the word forecast, ive googled it for you.

forecast
/'f??k??st/
Learn to pronounce
verb
predict or estimate (a future event or trend).

would take one to have it to know one lol

Has anyone mentioned the MNH's offtake facility is taking all the risk for OPEX and is likely to get bigger with PREM taking a bigger stake in MNH?

are you referring to the June 2019 accounts Fish which does not take into account the value of purchased assets in Oct 2019?? Lol

Despite covid restrictions, the manganese miner is able to produce 5600 tonnes of manganese ore worth $952,000 of revenue per month

PREM valuation of MNH which includes 2 processing plants, assets, 2 producing open pits, 4 Exclusive Prospecting Licences + 1 Mining Licence covering 1300km2 and earth moving machinery is at a mere $10m

That $1m invested for plant & equipment is now worth $22m. See 4th Dec RNS.

They were forecasts Matt without considering the effect of covid19 and dip in manganese price

Operating expense is opex.

MNH bought the purity plant and machinery at reduced prices due to the company going into administration. Thought everyone knew this?

That meant no opex for next batch of production

Restrictions in exporting at walvis bay due to covid19 would have had an impact. Offtaker wont pay in advance until shipment leaves the port

They already bought the plant...no capital required.

Curtent manganese price at $6 per dmtu.

https://www.jupitermines.com/projects/tshipi/manganese-price-information

Matt - there would have been no point in ramping up production in the months prior to April due to the dip in the manganese price and covid19 restrictions

190,400 dmtu x $5 per dmtu = $952,000 revenue per month for starters

Roach is about as believable as someone who has posted for the first time on this board saying he has sold his last holding

Check the prices.

https://www.jupitermines.com/projects/tshipi/manganese-price-information

Current price of $6 and the lifting of covid restrictions in Namibia allows MNH to ramp up production without delay.

Dip in the manganese price followed by the covid19 restrictions... anyone with a bit of sense would know that there would have been no point of ramping up production during these times.